The document, 'Pacific Possible', has been launched at the Pacific Islands Forum in Samoa.
The Bank said the document had been three years in the making, and was the culmination of extensive consultations with Pacific Island and Pacific Rim governments, non-governmental organisations, academics and individuals across the region.
It has identified tourism, fisheries, the knowledge economy and labour mobility as key areas offering opportunities.
The report also mentions deep sea mining, yet advises caution.